05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Palm oil prices edged higher on Thursday but continue to face headwinds as a stronger dollar and steady output continue to keep prices on the defensive. Prices tumbled on Monday as planters’ estimates of output showed steady palm production in Malaysia, countering expectation of a decline.
The Malaysian Palm Oil Association, a group of growers, forecast that total February crude palm oil output at 1.16 million…